IKEA annual sales slumped 5% as consumers pull back on furniture purchases amid a weak housing market, according to an earnings report released Thursday. The Swedish home decor retailer has ...

Ikea reported Thursday that its annual sales fell in value after the world's biggest furniture retailer lowered prices to revive traffic at its online and brick-and-mortar stores. The Swedish ...

LONDON (Reuters) - IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market ...

IKEA sales, which fell 5% in its financial year ended Aug. 31, are highly sensitive to property markets and interest rates as people spend more on furniture and homewares when moving house ...

Ikea reported a 5.3 percent drop in annual sales to 45.1 billion euros ($49.3 billion) on Thursday, as the world's biggest furniture retailer lowered prices. "This is mainly due to lower prices.

Ingka Group, which owns most IKEA stores globally, reported 39.6 billion euros, or $43.3 billion, in sales for its fiscal year 2024 which ended Aug. 31. “In all our markets we experienced a ...

For 2025, IKEA expects a boost to sales as lower interest rates drive more people to move house, which usually prompts buying of beds, sofas, and bookcases. Store visits increased by 3.3 per cent ...

LONDON (Reuters) - IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it ...